New York City pension fund CIO announces retirement

Alex Doñé, CIO of New York City Retirement Systems, is stepping down from his post at the end of the year, according to various news reports.

He will be succeeded on an interim basis by deputy CIO Michael Haddad, with a nationwide search for a permanent replacement to commence shortly.

Prior to joining the Comptroller’s Office, Doñé served as presidential appointee to the Barack Obama Administration for two years, according to CFA Society New York. He previously was a consultant and member of the investment team at Clearlake Capital Group, and he was head of retail industry investment banking at KPMG Corporate Finance before that.

He began his more than 20-year career as an investment banker at Merrill Lynch & Co. where he led or participated in the execution of more than $25 billion in financial and strategic advisory transactions.

Doñé currently oversees investments for pension systems that hold more than $250 billion in assets. Each of the